The most fundamental concepts underlying the discipline of economics are:

Question

scarcity and choice.

supply and demand.

money, stocks, and bonds.

inflation and unemployment.

Answer 1

The most fundamental concepts underlying the discipline of economics are scarcity and choice. These concepts refer to the fact that resources are limited, or scarce, while human wants and needs are unlimited. This creates the need for individuals, businesses, and governments to make choices about how to allocate resources in the most efficient and effective way. Supply and demand, money, stocks, bonds, inflation, and unemployment are all important concepts in economics, but they are built upon the foundation of scarcity and choice.